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InvestAZ is a forex broker located in New Zealand, regulated by the Financial Service Providers Register (FSPR).
InvestAZ is also member of Financial Dispute Resolution Service (FDR) meant for settling disputes between traders and brokerages.
InvestAZ accepts clients from all over the world, excluding USA and some other countries where restrictions apply.
Broker offers a huge amount of assets for trading:
FX, CFDs, Futures, Options, Commodities, Mutual Funds, ETFs, Notes, Bonds etc.
The full list can be found on their InvestOR trading platform.
Some types of assets are partially available for trading on the MT4 and MT5 platforms.
Based in New Zealand and registered with the Financial Service Providers Register (FSPR), InvestAZ is well-established a forex & CFD that has been in the business all the way since 2000. The broker offers some of the highest leverage among any regulated forex brokers, but requires a relatively high minimum deposit of USD 1,000.
The broker has over the years received recognition for the work it has done, with notable examples being the Best Platform Award from the Saudi Money Expo for its proprietary web platform, as well as the Best Education Award from FX World for its focus on education, for instance through the “Forexpedia” pages on its website.
Moving over to look at the trading instruments that are available from InvestAZ, it’s clear that this broker has pretty much everything a trader could wish for. Unlike most other forex brokers we have reviewed here on FX-List, the offering from InvestAZ does not only consist of some forex pairs and a few CFDs. Instead, InvestAZ has everything from options to futures contracts, stocks, exchange traded funds (ETFs), bonds, and even mutual funds available for trading.
Each of the categories of instruments in turn consist of hundreds of instruments, with everything categorized according to the risk level, leverage and the minimum investment required.
Worth keeping in mind when signing up with InvestAZ is that this broker offers both its own proprietary web platform called InvestOR, as well as the classic MetaTrader 4 and MetaTrader 5 (MT4/MT5) platforms in either the standard downloadable version for Windows PCs, the web version for any computer, or as a mobile app for Apple and Android phones.
Before signing up with InvestAZ, all new clients need to choose which account type they want to go with. In the case of this broker, there are five different account types to choose from, mainly based on the amount of capital a trader wants to deposit, with minimum deposit requirements for the accounts ranging from USD 1,000 to USD 50,000.
As usual, the benefit of depositing more money is that it gives access to tighter spreads. For InvestAZ, the spreads start from 1.6 pips for the Mini Invest account with a minimum deposit of USD 1,000, and go all the way down to 0.6 pips for the VIP Invest account, which requires a minimum deposit of USD 50,000.
In order to fund a trading account, money can be sent directly to InvestAZ’s USD bank account. Alternatively, a payment card such as Visa or MasterCard can be used. For the time being, the broker does not support any other funding methods, which we find a bit strange given how many people prefer to fund their account with various e-wallets or cryptocurrency.
In terms of customer service, InvestAZ offers a live chat or a call back function which can be used between 8am and 9pm New Zealand time. The broker does not provide a phone number where clients can reach it directly, which we think is a bit unfortunate, and which lowers the credibility of the broker.
One issue we have with InvestAZ is the lack of detailed information about the company and its management team on its website. There is frankly no information about the official company name, the key people behind the company, its regulatory situation or any business registration number in New Zealand or elsewhere. This is information that all forex brokers should readily provide, and if it is missing, it should be considered a big red flag. In conclusion, we therefore urge caution when dealing with InvestAZ.
